“It’s a project with an infinite internal rate of return,” says Sanjay Singh, Hershey’s VP of Internal Audit. “How many dollars of chocolate would we have to sell to equal a million in recoveries?” He knew that a recovery audit was a good idea from his experience and the benchmarking he does with industry peers. He, Jay Cheedella, VP Global Business Services, and Jonathan Laubenstine, Senior Director of Internal Audit, have been overseeing the project that’s already added ...

Joni Geurts, Director, Accounts Payable & Fraud at JetBlue Airways, tells her story of joining the AP department and addressing the biggest issue for her team: limited visibility into SAP. She couldn’t get the information she needed about suppliers, identify duplicate payments or flag suspicious supplier payments as potentially fraudulent. Attend this webinar to hear how she addressed these issues with complementary apexanalytix solutions to fill SAP gaps. Additionally, she will discuss t...

A frequent question that Chuck Stefanosky, Supplier Diversity Director at Independence Blue Cross, receives is “How do I set my company’s supplier diversity goals?” Chuck’s answer every time: match the diversity of your workforce and suppliers with the community you serve. This strategy has helped guide Independence Blue Cross’ award-winning DEI program for 35 years and helped it grow its annual spend with diverse suppliers to 26%. With the program reporting directly to procurement, the...

Jose Sorondo joined lululemon as Director, Global Finance Shared Services in 2018 and has helped the company by leading finance shared services during its rocket ship growth. It takes a lot of suppliers to run a fast-paced apparel company. In AP, once in a while, one of these suppliers would call to say: “There has been an error in the payment received.” During massive growth, duplicate payments happen. Having suppliers point this out is amazing. But how many didn’t call the AP desk? And, on...

Dig into the brand new 2022 findings from the annual, global, AP Metrics that Matter Report with report author Bob Cohen of Ardent Partners, P2P senior executive Kevin Jacobik of Kimberly-Clark and market and product strategy leader Danny Thompson of apexanalytix. AP has a fresh opportunity to rewrite the script on best practices as we slowly turn the corner from massive business, economic and social system disruption. Kevin knows a thing or two about AP best practices since he runs one of t...

Call Nigel Coffey a change agent, or call him a serial innovator. Everywhere Nigel takes on a new leadership challenge, he executes a program that adds tangible bottom-line value to his new organization. Starting with industry benchmarking, following with an audit of payments to suppliers to identify root cause issues and control weaknesses, and progressing through a systematic program of automation, Nigel has succeeded time and time again in moving each company to world-class procure-to-pay ...

Moving to a shared services environment allowed CommScope’s finance team to have a greater focus on improving operations while realizing greater efficiencies, cost savings, and proactive measures to ensure tax compliance. CommScope acquired Arris Communications and observed that Arris was utilizing apexanalytix for AP recovery audits. This service provided an external review of payments and outlined opportunities to prevent overpayments in the future. As part of CommScope’s continuous improve...

In partnership with apexanalytix, this ASUG podcast will deliver insights designed to support your work with SAP technology. When Koch Business Solutions realized it needed to stay in front of the growing risks around supplier payment fraud—as well as build an efficient, leading practices workflow for supplier setup and maintenance—it was motivated to find and implement an automated supplier onboarding solution that included risk and fraud validations. If you are also interested in improvin...

At the beginning of their search, Panasonic was only using Ariba Procure to Pay. For the other processes across the Source to Pay lifecycle, Panasonic had manual processes. In 2019, Panasonic started reviewing different solutions through a comprehensive RFP utilizing analyst reports. As they were looking through the different solutions, they could easily see that one solution is going to do one thing really well, but won’t do everything they needed really well. Panasonic really needed to ask ...

Large scale M&A creates a lot of work for finance teams. Everyone gets busy. Systems need to get consolidated, vendor masters merged, suppliers communicated to, and so on. When everyone is busy, a common project that gets postponed or cancelled is a recovery audit. At Alaska Airlines, it fell off the to-do list for several years. “I didn’t think apexanalytix was going to find much, but knew some mistakes were made during the merger period,” said Lori Foley, Director, Customer & Vend...

Global Process Owners Europe, Virtual Event Hosted by SSON Speakers: Cristiana Rodrigues, Director GBS Operations Accounts Payables & T&E at AdidasPhil Beane, Senior Vice President, Global Field Ops at apexanalytixWebinar slides: https://bit.ly/3CnnnKU Webinar video: https://www.apexanalytix.com/resources/webinars/adidas-agility-explosive-shared-services-growth-covid-19-and-campus-future

Airlines have to deal with disruptions more than any industry. Through it all, the Delta procure-to-pay team has focused on staying a step ahead of the game. This presentation will look at the challenges Delta has faced through the years, the proactive P2P technology investments they’ve made in response, and how they’ve navigated the work-from-home challenges of COVID-19 without missing a beat. Then we walk through apexportal’s risk and fraud prevention dashboard: Su...

Only 14% of AP departments are a profit center. (apex 2021 survey) Kimberly-Clark is part of that elite group. So…we enlisted AP veteran Kevin Jacobik (also an Army veteran, dad and has a huge COVID beard) to talk about how Kimberly-Clark does what most companies don’t. "I am excited about talking with everyone about our 3 step process to move AP from a cost center to a profit center because every company can do this. AP wasn’t always a profit center. There were a lot of manual tasks that k...

Laying the groundwork for good supplier data governance started with figuring out what granular aspects of supplier MDM were different from other domains like customer and item. First, Karen Coronado, the data governance team and stakeholders throughout the company established the Supplier MDM goals specific to their company. Then, they decided to invest in a built-for-purpose solution to accelerate ROI. Now, the company is implementing a supplier management platform that comes with best prac...

Are you in procurement, sourcing, supply chain? Want the freshest data on procurement key performance indicators? Watch this webinar featuring data from the 2021 Ardent Partners Report: Procurement Metrics that Matter. Supplier enablement? Up! Contract-compliant transactions? Up! Addressable spend that is sourced? Down. Gerard Cardillo reminds us that you can only improve what you measure and tells us his fave metrics: percent of spend on PO and invoices blocked due to pricing/receipt. Andrew...

Post-merger with Safeway, Albertsons launched a series of business transformation projects. For one, Gregg Maxwell, Group Vice President, NSC wanted the future of supplier onboarding. In this webinar, Gregg talks about how they reduced 170,000 supplier records to 70,000 active vendors. He’ll explain how they turned the onboarding process that involved four systems, ten departments and fifteen documents to one automated, supplier-facing onboarding portal. Now, Albertsons will comp...

apexanalytix’s research has shown that 25.73% vendor invoice terms are better for the supplier than the original negotiated terms. This podcast dives into how payment terms get changed and financial impact to working capital. And, more importantly, how every supplier can be assessed against previously negotiated terms and opportunities for extensions, baseline date changes, or payment schedule changes. Listen to the podcast for: Research on financial impact of unenforced payment termsA granul...

Presenting deep insights into procurement and the CPO’s hopes and plans for 2021, apexanalytix joins Ardent Partners and Independence Blue Cross (IBX) in this data-packed podcast. Findings from the State of Procurement 2021 report are presented, with commentary from head of procurement and strategic sourcing Chuck Stefanosky and market and strategy expert Danny Thompson. You’ll hear: How procurement is pivoting from the 2020 COVID-19 disruption to improve processes and practicesNew ways com...

2021 is the year of building resilience across the supply chain. But our Dec. 2020 survey, showed that 60% of respondents either have a limited or no supplier risk management program in place. This podcast is for everyone looking to expand or start a supplier risk management program. Defining Supplier Risk Management: Ask 5 People, Get 10 Different Answers The episode discusses Gartner’s definition and what apexanalytix views as the foundation of supplier risk management (hint: without it you...

2020 was the turning point for virtual everything: work-from-home, remote learning, online socializing. Disruption drove automation from a “nice-to-have” to a “must-do,” in procure-to-pay. And not only for the largest companies, but into the mid-market as well. Listen to Gerard Cardillo, procurement executive, innovator and thought leader, for his perspective on the findings from the new Ardent Partners research survey State of ePayables 2021. His company, Charles River Labs, is a rapidly gro...